averageguy
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Post by averageguy on Nov 17, 2015 23:10:04 GMT
The valuation of the Shropshire land does throw up some queries. No development plans are given but nonetheless the valuer has put a value of £4.5m on the completed development. Has he had a sight of the proposals? If so may we see them? If he has not I am at a loss to understand how he can value them. To obtain £4.5m would require as an example 18 houses at £250,000. It is hard to see how this many could be fitted into the site. If house prices are higher than this can we see comparables? Is £500,000 per house achievable with a total of 9 houses? Nail on head ...details as to how they've arrived at 4.5 million...figures like that are all a bit too neat and tidy
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averageguy
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Post by averageguy on Nov 18, 2015 19:53:38 GMT
Re Hull development..i'm sure there was info available on the 'old' website....cant see any available now...or is it just me  |
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mikes1531
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Post by mikes1531 on Nov 18, 2015 20:25:19 GMT
The valuation of the Shropshire land does throw up some queries. No development plans are given but nonetheless the valuer has put a value of £4.5m on the completed development. Has he had a sight of the proposals? If so may we see them? If he has not I am at a loss to understand how he can value them. To obtain £4.5m would require as an example 18 houses at £250,000. It is hard to see how this many could be fitted into the site. If house prices are higher than this can we see comparables? Is £500,000 per house achievable with a total of 9 houses? Nail on head ...details as to how they've arrived at 4.5 million...figures like that are all a bit too neat and tidy The sketch on Page 5 of the valuation report shows what looks like 16 houses on the site, doesn't it? Am I misinterpreting what I'm seeing? Besides, despite the 'Exit Strategy' stated in the particulars, this loan is not to fund the development. See my posting of yesterday (it's near the bottom of the previous page of this thread). Whether a GDV of £4.5M is reasonable for the completed project should be of concern to the lenders of the development loan rather than those lending on this loan -- except insofar as there might be a question whether there's scope for a profitable development at all. If there isn't, then if the £1.2M valuation for the land depends on its developability -- which it probably does -- then it might be overvalued. PS. Having written the above, it may now be rather irrelevant, as I see that the loan has exited the pipeline and is now showing as fully funded. (I did notice it had some availability an hour or so ago, so it wasn't completely funded by pre-bids.)
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Post by chielamangus on Nov 18, 2015 20:33:07 GMT
You both make huge assumptions which are probably wrong. The equity in many houses is run down because people sell all or a part for supplementary income. Or they downsize and give money to their kids to buy houses. And being older than the "baby-boom" generation (I assume you mean the post WW2 boom up to about 1950) I can assure you that neither I nor my wife will ever go into the hell that is a care home. We'd rather top ourselves. Our children might even look after us if we are dementia-free. So don't make the mistake of thinking there is an evergrowing demand for these homes. Think about it, and think of what you can do for your elderly parents! I would counter your "Don't make the mistake of.............." with one of my own: Don't make the mistake of thinking that it is fair to expect your children to give up all their ability to earn a living and have any life other than providing you with 24 hour care just because you think having someone else care for you is unacceptable. I know a number of elderly people living fulfilling lives in care homes - they get out and about quite often but are safe all the time, and their children can devote quality time to be with them regularly, take them out shopping, for lunch, to the cinema etc. Think about it, and think of what is reasonable to expect of your children - it's not just dementia that means full time care is required. Have no fear, ramblin rose, I have never been a burden to anyone in my life, and don't intend to change that. But you should seriously consider the benefits of assisted suicide if quality of life deteriorates below an acceptable level. No point in clinging on to the bitter end! And, hey! Think of the benefits to the NHS!
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treeman
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Post by treeman on Nov 18, 2015 23:13:14 GMT
There's a new one added to the pipeline Land with OPP for large house, S****, Surrey. £2.4m 69%LTV No Details Getting Busy  |
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Liz
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Post by Liz on Nov 21, 2015 1:09:14 GMT
£10m now in pipeline.
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Post by queenvictoria on Nov 21, 2015 8:23:11 GMT
I would counter your "Don't make the mistake of.............." with one of my own: Don't make the mistake of thinking that it is fair to expect your children to give up all their ability to earn a living and have any life other than providing you with 24 hour care just because you think having someone else care for you is unacceptable. I know a number of elderly people living fulfilling lives in care homes - they get out and about quite often but are safe all the time, and their children can devote quality time to be with them regularly, take them out shopping, for lunch, to the cinema etc. Think about it, and think of what is reasonable to expect of your children - it's not just dementia that means full time care is required. Have no fear, ramblin rose, I have never been a burden to anyone in my life, and don't intend to change that. But you should seriously consider the benefits of assisted suicide if quality of life deteriorates below an acceptable level. No point in clinging on to the bitter end! And, hey! Think of the benefits to the NHS! Dont talk such rubbish chielamangus. Unless you are currently at the stage of needing full time care how on earth can you know whether killing yourself is your preferred solution in the circumstance. You are just speculating and this is not an issue to speculate upon. You insult those who are in care, those who provide care and those with loved ones in care. Some opinions are just best kept to yourself.
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Post by chielamangus on Nov 21, 2015 9:36:25 GMT
Have no fear, ramblin rose, I have never been a burden to anyone in my life, and don't intend to change that. But you should seriously consider the benefits of assisted suicide if quality of life deteriorates below an acceptable level. No point in clinging on to the bitter end! And, hey! Think of the benefits to the NHS! Dont talk such rubbish chielamangus. Unless you are currently at the stage of needing full time care how on earth can you know whether killing yourself is your preferred solution in the circumstance. You are just speculating and this is not an issue to speculate upon. You insult those who are in care, those who provide care and those with loved ones in care. Some opinions are just best kept to yourself. Gee, how I love the tolerance on this forum for the opinion of others.
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Investor
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Post by Investor on Nov 21, 2015 10:54:59 GMT
You could always get a membership to Dignitas, annual membership is £80 or you can get a lifetime membership for £35
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oldgrumpy
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Post by oldgrumpy on Nov 21, 2015 10:57:40 GMT
Discuss these matters by all means, both sides of the argument, but making fun of the desperate sadness of the subject should be avoided.
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Post by uncletone on Nov 21, 2015 11:22:07 GMT
I think, boys and girls, that this particular line of conversation has gone on long enough. Please desist. Thank you all.
Live long and prosper!
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freddy
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Post by freddy on Nov 24, 2015 7:46:20 GMT
And still 14.5 million sitting in the pipeline. IF all were to go live within 3/4 weeks it will be interesting to see how long they take to fund.
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mikes1531
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Post by mikes1531 on Nov 24, 2015 11:04:00 GMT
And still 14.5 million sitting in the pipeline. IF all were to go live within 3/4 weeks it will be interesting to see how long they take to fund. And the knock-on effect on the liquidity of the SM could be rather dramatic.
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jamesc
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Post by jamesc on Nov 24, 2015 20:47:32 GMT
What's everyone's best guess of the timing of the next loan to go live ? Hull looks to be the most advanced and as other people have said, even given current demand this looks like the kind of size that will make a difference and that available loan screen might stay open for more than 10 seconds. Any opinion's ?
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t
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Post by t on Nov 25, 2015 4:00:03 GMT
Today would be nice |
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